An economy that has the lowest opportunity cost for producing a particular good is said to have:
A.an absolute advantage.
B.a comparative advantage.
C.a production possibility frontier.
D.an increasing opportunity cost.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q109: Q110: If they spend all night writing computer Q111: In one hour, the United States can Q112: Which of the following statements is true? Q113: Roommates Sarah and Zoe are hosting a Q115: If they spend all night writing computer Q116: (Table: Coffee and Salmon Production Possibilities II) Q117: If they spend all night writing computer Q118: The economy that has the lowest cost Q119: An economy is said to have a![]()
A.Some
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents